Michelle Avilés Senior Associate Tax specialist Nicaragua [email protected] Any property transfer, whether profitable or not, is subject to income tax on capital gain or loss. Although gratuitous transfers cannot generate capital losses, the calculation of the tax base of an unprofitable transfer may indicate that a capital loss has occurred in the transaction. Since a…
Category Archives: Analysis
Analysis, Blog, Costa Rica, Sanitary Registration of Products
Frequently asked questions about the Sanitary Registration of Products in Costa Rica
29
Jun
Jun
BLP´s Sanitary Registration of Products practice group compiles the FAQ for marketing products locally and the permits required. The skill and experience of our lawyers and technical experts are without rival in Central America. By combining proven procedures with innovative initiatives, we provide the best regional service in Regulatory Law. The following guide applies to…
21
Jun
Jun
Luis Ortiz Partner Costa Rica | [email protected] Gloriana Alvarado Senior Associate Costa Rica | [email protected] The famous English economist John Hicks was once asked: What is monopoly? The Nobel Prize winner replied: The quiet life (Hicks, 1935). On the other hand, competition, as the famous American judge Learned Hand said at the time, is constant…
06
Jun
Jun
León Weinstok Director, Cybersecurity and Data Protection Specialist Costa Rica | [email protected] Why is it important to have a compliance program and what are its must-have elements? Cybersecurity has become a topic of high importance in any industry. Its recent rise is due to the rapid adoption of information technologies by companies to increase their…
30
May
May
León Weinstok Director Cybersecurity and Data Protection Specialist Costa Rica [email protected] On April 18, we in Costa Rica received the unfortunate news that the computer systems of many public institutions had been attacked by the criminal organization Conti, with the Ministry of Finance being the main target. Although much information about the transgression is yet…
26
May
May
Uri WeinstokPartner and Specialist in Competition and RegulationCosta [email protected] Since the 1990s, the consensus is that competition benefits society more than state planning of the economy. Thus, consumers will be better off as long as companies have a permanent incentive to offer lower prices, better quality and service, and more innovation. The main concern in…
Analysis, Blog
Forestry Law reforms encourage sustainable tourism development of Costa Rica’s protected river areas
16
May
May
Luis Palacios Director and Environmental Law Specialist Costa Rica [email protected] Recently approved reforms to the Forestry Law allow the development of riverbeds, supporting the cause of sustainable tourism in Costa Rica. By providing greater legal certainty to civil works that must necessarily border on rivers, streams, or other bodies of water, the reforms promote tourist…
Analysis, Blog
New regulations require companies to quantify and publish their carbon emissions globally
04
May
May
Luis Palacios Director Costa Rica [email protected] Over the past few months there has been a huge global increase in environmental compliance duties, to the point that, in the near future, all the companies listed on international stock exchanges would be required to publish their greenhouse gas emissions and explain the initiatives they are taking to…
20
Apr
Apr
By Federico Barrios Director Ethics & Anti-Corruption Specialist Nicaragua [email protected] Through the publication in June 2021 of the National Security Study Memorandum (NSSM-1), the president of the United States, Joe Biden, recognized international corruption as a major risk to his country’s security due to its ability to erode democracy and the rule of law in…
01
Apr
Apr
By Shermine Elizondo Senior Associate Costa Rica [email protected] The term Nearshoring refers to the mechanism or process through which a company transfers its business processes (e.g., services, manufacturing) or technology to third countries located in destinations close to the contracting country. This is opposed to the concept of Offshoring, which consists of relocating part of…